XSTRATA and major shareholder Glencore are reportedly chasing a takeover offer of at least £50 ($A109.40) per share after rejecting Vale's informal offer of £40 for each share earlier this week.
A Brazilian newspaper has reported that Xstrata and Glencore want Vale to increase its bid to $US95 billion ($A106 billion), a price more than what the Brazilian mining company is willing to pay.
Both companies are remaining tight lipped on the deal.
Earlier this week it was reported that Xstrata had rejected an informal offer of just under £40 per share, valuing the bid at around £38.9 billion or $A84 billion.
A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.
The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets
An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production
An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions
Copyright © 2000-2024 Aspermont Media Ltd. All rights reserved. Aspermont Media is a company registered in England and Wales. Company No. 08096447. VAT No. 136738101. Aspermont Media, WeWork, 1 Poultry, London, England, EC2R 8EJ.
